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Microsoft (MSFT) delivered stronger-than-expected fiscal fourth-quarter financials, getting a boost from the solid demand for its cloud computing services and its artificial intelligence (AI) offerings. The market responded swiftly to the upbeat earnings, with MSFT shares jumping more than 8% in the pre-market session.
Microsoft’s strong financials show that the tech giant has strengthened its competitive positioning in two of the fastest-growing areas in techA. It has built a comprehensive AI tech stack that spans infrastructure, tools, and applications. On the cloud front, Azure continues to grow, strengthening Microsoft’s leadership in enterprise IT as more organizations shift to digital-first strategies.
